DALLAS—The addition of about seven million square feet of new construction to the inventory, the Dallas/Fort Worth Metroplex office market is expected to see vacancies continue declining throughout the year, according to Xceligent. An even better—not to say spectacular—showing comes from the region’s industrial sector.
Some highlights from the report:
- The vacancy rate overall has improved for the past six quarters, although of those quarters the net absorption for the three months ended June 30 was the smallest at 483,138 square feet.
- Nearly 20 million square feet of new industrial space expected coming in the Metroplex.
- “The market’s overall vacancy rate is expected to drop further this year, due to several additional large deals that are in the works,” the report says about the DFW office market.
- “Several facilities above one million square feet are either planned or already under way,” according to Xceligent’s Q2 industrial report,
To download the reports, click on the links below.